HWKN vs MNOV: Correlation
Hawkins, Inc. (HWKN) and MediciNova, Inc. (MNOV) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWKN and MNOV?
Across a 3-year window, the weekly returns of HWKN and MNOV correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -443.3 %².
Among the 10 assets we track against HWKN, MNOV sits near the bottom by co-movement, at rank #8. The last year tells two different stories: MNOV led by 37.5 percentage points, -31.5% for HWKN against +6.0% for MNOV.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HWKN vs MNOV: side by side
| HWKN (Hawkins, Inc.) | MNOV (MediciNova, Inc.) | |
|---|---|---|
| 1-year return | -31.5% | +6.0% |
| 5-year return | +226.8% | -62.8% |
| Volatility (ann.) | 38.4% | 57.3% |
| Beta vs S&P 500 | 0.65 | 0.17 |
| Max drawdown (3Y) | -35.9% | -53.7% |
| Market cap | $2.5B | $0.1B |
| P/E (trailing) | 30.8 | – |
| Dividend yield | 0.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HWKN | MNOV |
|---|---|---|
| 2022 | -0.8% | -23.5% |
| 2023 | +84.7% | -26.8% |
| 2024 | +75.5% | +40.0% |
| 2025 | +16.5% | -37.6% |
| 2026 | -16.8% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWKN and MNOV good diversifiers for each other?
Yes. With a correlation of -0.20, HWKN and MNOV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HWKN and MNOV?
The HWKN/MNOV correlation stands at -0.20 on a 3-year window (1 year: -0.30, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is MNOV a good diversifier for HWKN?
Yes. With a correlation of -0.20, HWKN and MNOV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hwkn-vs-mnov.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hwkn-vs-mnov/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HWKN correlations · MNOV correlations
